- 1st February 2016
- News
- Posted by kwecars
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If you didn’t think classic car ownership could get any better at the moment, there’s yet more good news for pre-HE Jaguar XJS owners.
Her Majesty’s Revenue and Customs (HMRC) rolling cut-off date for historic vehicle tax exemption, means that all cars built before 1st January 1976 will be officially tax-free from April this year.
This means that so-called ‘modern classics’ are now to be described as ‘historic’ in line with the updated rules.
“1975 was undoubtedly a stellar year for new car launches, and their new found tax exemption not only feels overdue, but also inherently right”, comments Classic Car Buyer.
The reduced running costs will help to attract even more eager enthusiasts to the growing classic car market, who will help to preserve these wonderful vehicles, ensuring greater variety on the roads amongst a sea of modern vehicles.
As the Jaguar XJS turned 40 last September, it continues to pick up momentum as